Fuel economy standards for new light-duty passenger vehicles have recently been adopted or tightened in many nations. Using a global computable general equilibrium (CGE) model, we analyse the combined effect of existing and accelerated national and regional fuel economy standards on
demand for petroleum-based fuels, CO2 emissions, and economic cost, and compare the results to a carbon pricing scenario with identical emissions reductions. We find that fuel economy standards are less cost-effective than a carbon price, with year-on-year consumption loss rising
to 10 per cent of global GDP in 2050 under fuel economy standards, compared with 6 per cent under carbon pricing.

No Reference information available - sign in for access.

No Citation information available - sign in for access.

No Supplementary Data.

No Article Media

No Metrics

Document Type: Research Article

Publication date: 01 October 2015

More about this publication?

JTEP is international both in terms of authors and readership. Since it first appeared, more than 650 papers have been published from Europe, North America, the Pacific Rim/Australasia, Africa, Asia, and South America. This international variety is also reflected in the readership.